Sharon Reed
@sharonreed
Psychology of Financial Planning Podcast  cover image

Financial Instincts

Psychology of Financial Planning Podcast

Friction and automatic investing

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Driving 20 miles to get to a fitness facility can be a hassle. Automating tasks like keeping fitness equipment next to the front door or adjusting our diet can make things easier. Automation plays a big role in eliminating friction and the status quo bias. It saves energy and makes it easier to stick to goals we feel passionate about. By capitalizing on automation, we can create a clear vision and save for the future without constantly exerting effort to maintain changes.

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